|
Title: Hard fork Post by: cnk on November 28, 2013, 09:18:36 AM At March 2013 a bug in Bitcoin 0.7 caused a hard fork of the chain that could not be automatically resolved (details : https://en.bitcoin.it/wiki/BIP_50).
This event didn't seem to affect bitcoin price and public image of bitcoin. Now the situation is different. Bitcoin price has increased 30x times since March and now bitcoin is receiving more public attention than ever before. I wonder what would have happened to bitcoin price if a hard fork had occurred now? Title: Re: Hard fork Post by: Altcoins.io on November 28, 2013, 09:45:59 AM it would decrease initially -- as happens in any market when confidence is dented -- and then return to much the same level. market prices are based on future expectations, so once any issues have been resolved, it's often business as usual.
Title: Re: Hard fork Post by: qwertyGuy on November 28, 2013, 09:50:59 AM I wonder what would have happened to bitcoin price if a hard fork had occurred now? Depends how much hash % the hard fork get. In the March 2013 it was unintentional and resolved very quickly thats why it had only positive impact on price Title: Re: Hard fork Post by: cnk on November 28, 2013, 10:51:44 AM Intentional fork, as I understand, would mean an attack on bitcoin. The outcome of such event will depend on the amount of hashing power the attacker has.
|